Gold Settles Near Three-Year Low

Futures Extend Slump, Dipping Below $1,200

By

Jerry A. DiColo

June 27, 2013 3:24 p.m. ET

NEW YORK—Gold futures dipped below $1,200 a troy ounce amid continued worries about a coming end to Federal Reserve stimulus.

The most actively traded contract, for August delivery, settled $18.20, or 1.5%, lower at $1,211.60 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest since August 2010. But in electronic trading following the market's close, futures tumbled through $1,200 an ounce before...